Australia March Westpac Main Index – "softens as tariff chaos begins to weigh"

Australia March Westpac Main Index, Westpac’s abstract factors:

The six-month annualised progress price within the Westpac-Melbourne Institute Main Index, which signifies the seemingly tempo of financial exercise relative to pattern three to 9 months into the longer term, slowed to zero.6% in March from zero.9% in February.

• Main Index progress price declines to zero.6%.
• Key parts beginning to seize tariff coverage shock.
• Commodities, rate of interest strikes nonetheless the principle positives.
• Cracks showing round monetary markets and confidence.

Whereas the Main Index continues to indicate an above-trend progress pulse, the newest softening marks an essential shift. Recall that the headline measure is a six-month annualised progress price. Therefore, even sharp month-to-month developments take time to maneuver momentum. The Index is just simply beginning to seize the results from the commerce coverage disruptions that escalated sharply following US President Trump’s ‘reciprocal’ tariff announcement on April 2. The state of affairs is unsure and there are different elements at play however some additional softening within the progress pulse appears seemingly within the months forward.

Bolding above is mine.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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